Dublin, March 10, 2026 (GLOBE NEWSWIRE) — The “Connected Oilfield Market Report 2026” has been added to ResearchAndMarkets.com’s offering.
The connected oilfield market has experienced robust growth in recent years, with projections indicating continued expansion. Market size is expected to rise from $28.07 billion in 2025 to $29.54 billion in 2026, reflecting a compound annual growth rate (CAGR) of 5.2%. This growth is attributed to a combination of factors such as production optimization needs, complexities of offshore fields, adoption of digital communication networks, cost reduction strategies, and oilfield automation. By 2030, the market is anticipated to reach $36.06 billion, driven by smart oilfield investments, real-time decision-making demands, aging infrastructure, tightening safety regulations, and data analytics advancements.
Trends in this sector over the forecast period include the deployment of real-time monitoring systems, increased use of predictive analytics, cloud-based platform integration, expanded remote operations, and a heightened focus on safety. Moreover, the rising exploration activities in oil and gas are set to bolster market growth, with enhanced data analytics and digital technologies contributing to more effective recovery from reservoirs. In December 2025, the U.S. Energy Information Administration reported an increase in both oil and natural gas production in the U.S., exemplifying the importance of exploration efforts.
Key players in the connected oilfield market are focusing on technological innovations such as AI-powered digital workflow assistants, which aim to improve operational efficiency, decision-making, and the automation of complex upstream activities. SLB introduced Tela, an AI assistant designed to automate tasks in connected oilfield operations, incorporating AI directly into drilling, reservoir, and production workflows.
In 2024, CNX Resources Corporation partnered with Deep Well Services to launch AutoSep Technologies, targeting advanced automated flowback solutions. This collaboration combines proprietary technologies with operational expertise to drive innovations in flowback operations, enhancing efficiency and safety in both domestic and international markets.
Notable companies in the connected oilfield space include China Petroleum & Chemical Corporation, Exxon Mobil Corporation, Royal Dutch Shell plc, TotalEnergies SE, Chevron Corporation, BP plc, and others. In 2025, North America emerged as the leading region, with significant activity also noted across regions such as Asia-Pacific, Western Europe, and the Middle East.
The market encapsulates revenues from services like real-time monitoring, predictive maintenance, remote operations, data analytics, and asset optimization. Additionally, it encompasses sales of communication devices, remote monitoring systems, and environmental and safety management tools. These figures represent ‘factory gate’ values, signifying goods’ value as sold by manufacturers or creators, including related service sales alongside goods creation.
Values within the market are defined as revenues from goods and services sales within specific geographies, tapping into local consumption values generated by organizations, independent of production locations. It excludes resale revenues further along the supply chain.
Report Scope
- Solutions: Includes Hardware, Software and Service, and Data Storage Solutions.
- Processes: Focus on Reservoir, Production, Drilling Optimizations, Safety Management.
- Applications: Evaluate Onshore and Offshore.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 250 |
| Forecast Period | 2026 – 2030 |
| Estimated Market Value (USD) in 2026 | $29.54 Billion |
| Forecasted Market Value (USD) by 2030 | $36.06 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
Companies Featured
- China Petroleum & Chemical Corporation
- Exxon Mobil Corporation
- Royal Dutch Shell plc
- TotalEnergies SE
- Chevron Corporation
- BP plc
- GAZPROM PAO
- Equinor ASA
- Ente Nazionale Idrocarburi Societa per Azioni.
- ConocoPhillips
- Repsol SA
- Occidental Petroleum Corporation
- PJSC Lukoil
- Schlumberger Limited
- Pioneer Natural Resources
- Baker Hughes Company
- Kinder Morgan Inc.
- Devon Energy
- Woodside Petroleum
- Enbridge Inc.
- Hess Corporation
- TC Energy Corporation
- Apache Corporation
- Rosneft Oil Company
- Marathon Oil Corporation
For more information about this report visit https://www.researchandmarkets.com/r/m1xcqo
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- Connected Oilfield Market
